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The bitcoin exchange rate moves towards a further decline to $3 500

Bitcoin continues to trade around $4 000 then climbing higher, again dropping below the psychological mark. This morning, at about 04:45 GMT course suddenly collapsed with $4 170 to almost $4 000.

According to the technical analysis course is the first cryptocurrency bounced off the resistance of $4 500 and went to $3 700. In case of fixation below likely decline to $3 500.In the case of growth and overcome $4 500 likely to rise to $5 000 for 1 BTC, the managing partner of WELTRADE Kemp Andrew.

Previously, the rate of the first cryptocurrency growing to $4 300 on the news that one of the largest stock exchanges in the world Nasdaq is planning to release futures bitcoin. Experts suggest that after the Nasdaq to release its financial instruments based on the cryptocurrency will begin and other major players.

The alarm bell was the information that major purses Binance on third-party addresses on the morning of November 29, has been translated about $ 900 million. CEO Binance, Chanpen Zhao tried to allay panic, Recalling that already warned earlier about the intention of the platform to move their reserves between wallets.

Earlier last week, representatives of the companies VanEck, SolidX and exchange CBOE held a meeting with the Commission on securities and stock exchanges of the USA, which discussed the question of launching an ETF on bitcoin. Did the companies to persuade the regulator is not yet known.


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